Liberty Energy (NYSE:LBRT) Cut to "Sell" at Wall Street Zen

Liberty Energy (NYSE:LBRT - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a report released on Saturday.

Several other analysts have also weighed in on the company. TD Cowen upped their price objective on Liberty Energy from $10.00 to $13.00 and gave the company a "hold" rating in a report on Monday, April 21st. The Goldman Sachs Group cut their price objective on Liberty Energy from $19.00 to $14.00 and set a "neutral" rating for the company in a report on Thursday, April 10th. Wells Fargo & Company upped their price objective on Liberty Energy from $11.00 to $12.00 and gave the company an "equal weight" rating in a report on Thursday, June 5th. Piper Sandler initiated coverage on Liberty Energy in a report on Tuesday, July 15th. They issued a "neutral" rating and a $14.00 price objective for the company. Finally, Stifel Nicolaus cut their target price on Liberty Energy from $23.00 to $22.00 and set a "buy" rating on the stock in a research report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $15.65.

Liberty Energy Trading Up 1.6%

Shares of LBRT stock opened at $13.17 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.91 and a current ratio of 1.20. Liberty Energy has a 1 year low of $9.50 and a 1 year high of $24.43. The stock has a fifty day moving average of $12.20 and a two-hundred day moving average of $14.45. The firm has a market capitalization of $2.13 billion, a PE ratio of 10.13 and a beta of 0.66.

Liberty Energy (NYSE:LBRT - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.14 by ($0.02). The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.01 billion. Liberty Energy had a return on equity of 6.06% and a net margin of 5.29%. The company's revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.64 EPS. As a group, research analysts expect that Liberty Energy will post 0.58 EPS for the current year.

Institutional Investors Weigh In On Liberty Energy

Several hedge funds have recently bought and sold shares of the business. Envestnet Portfolio Solutions Inc. lifted its stake in Liberty Energy by 112.6% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 38,055 shares of the company's stock worth $437,000 after acquiring an additional 20,158 shares in the last quarter. Yousif Capital Management LLC lifted its stake in Liberty Energy by 1.9% in the 2nd quarter. Yousif Capital Management LLC now owns 63,748 shares of the company's stock worth $732,000 after acquiring an additional 1,212 shares in the last quarter. CWM LLC lifted its stake in Liberty Energy by 1,410.3% in the 2nd quarter. CWM LLC now owns 32,350 shares of the company's stock worth $371,000 after acquiring an additional 30,208 shares in the last quarter. Apollon Wealth Management LLC lifted its stake in Liberty Energy by 0.7% in the 2nd quarter. Apollon Wealth Management LLC now owns 126,088 shares of the company's stock worth $1,447,000 after acquiring an additional 829 shares in the last quarter. Finally, KLP Kapitalforvaltning AS increased its position in Liberty Energy by 8.2% in the 2nd quarter. KLP Kapitalforvaltning AS now owns 61,800 shares of the company's stock worth $709,000 after purchasing an additional 4,700 shares during the last quarter. 98.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Energy Company Profile

Liberty Energy Inc provides hydraulic services and related technologies to onshore oil and natural gas exploration, and production companies in North America. The company offers hydraulic fracturing services, including complementary services, such as wireline services, proppant delivery solutions, field gas processing and treating, compressed natural gas (CNG) delivery, data analytics, related goods comprising sand mine operations, and technologies; and well site fueling and logistics.

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